Ceres Power (OTCMKTS:CPWHF) Stock Price Up 4.5% – Should You Buy?

Ceres Power Holdings plc (OTCMKTS:CPWHF) shares were up 4.5% during mid-day trading on Wednesday . The company traded as high as $4.44 and last traded at $4.44. Approximately 1,750 shares traded hands during trading, a decline of 90% from the average daily volume of 17,640 shares. The stock had previously closed at $4.25.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon raised shares of Ceres Power to a “buy” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Ceres Power Trading Up 2.5%

The firm has a fifty day simple moving average of $4.11 and a 200 day simple moving average of $3.52.

Ceres Power Company Profile

Ceres Power plc (OTCMKTS: CPWHF) is a UK-based clean energy technology company focused on the development and licensing of solid oxide fuel cell (SOFC) technology. The company’s core business activity centers on its proprietary SteelCell® platform, a nickel-ceramic fuel cell design that can operate on a variety of fuels including natural gas, hydrogen and biogas. Ceres Power pursues a technology licensing model, partnering with manufacturing and energy firms to integrate its fuel cells into distributed power generation systems, residential combined heat and power (CHP) units and commercial backup power solutions.

Since its founding as an Imperial College London spin-out in 2001, Ceres Power has built a global network of strategic partnerships to scale its technology.